New Powers Given to Renters
By BridgePoint-Ventures.com
The government has given new powers to those
that rent property, redressing the balance between
landlords and tenants. Under amendments to the Enterprise and
Regulatory Reform Bill, renters will be given the right to
challenge ‘rogue’ lettings agents, who will be required to sign up
to an approved redress scheme.
It is hoped the changes will put an end to the current practice
of landlords going unchecked and consumers stuck in agreements if
they fall foul of malpractice or unethical behaviour.
Baroness Hayter tabled the amendment and the government believes
it will go some way to ensuring tenants and landlords can better
challenge negligence. It works by directing any unresolved
grievances recorded through the redress scheme to the Ombudsman.
The Royal Institute of Chartered Surveyors (RICS) is among those
that have welcomed the proposals. In a statement, it stressed that
it has long been campaigning for increased regulation in the sector
and the measures are an important first step. However, more can be
done.
The amendments only give consumers power to challenge landlords
after damage has been done. Mechanisms now need to be put in place
to ensure both tenants and landlords are protected throughout a
transaction. This will help to raise standards in the rental market
and RICS claims there is a “very strong business case for better
targeted regulation”.
Peter Bolton-King, RICS residential director, said: “The
lettings market has for far too long been in danger of becoming the
Wild West of property industry. While, clearly, there are good
agents out there, the market has been dogged by poor practice and a
lack of consumer protection.” The amendment means that consumers
can register their grievances and, if appropriate, receive
compensation.
However, increased regulation should not deter investors from
entering the rental market. In fact, throughout the UK it is
continuing to perform strongly. RightMove’s House Price Index
showed the sector is enjoying a period of strong returns and the
lowest ever remortgage finance (around two per cent). Average
rental yields are nearly at six per cent and there is a good
prospect of capital growth.
Construction Lending and Finance News from BridgePoint Ventures
2013-04-18 08:46:43
Source: http://www.bridgepoint-ventures.com/media-center/opinion/new-powers-given-to-renters/
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
